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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net earnings $ 7,690 $ 11,184
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 771 531
Deferred taxes (17) (15)
Compensation expense for restricted stock 78 73
Change in postretirement benefits 2 3
Gain recognized on open derivatives not designated for hedge accounting (956) (687)
Deferred realized gain (loss) on derivatives designated for hedge accounting 418 (1,451)
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable 2,592 (40,809)
Inventories (14,900) 21,613
Federal income taxes recoverable 0 1,404
Other current assets 553 584
Accounts payable and accrued expenses (851) (17,284)
Income taxes payable 2,057 1,576
Contribution to retirement plan (350) (75)
Employee compensation and related expenses (1,670) 2,008
NET CASH USED IN OPERATING ACTIVITIES (4,583) (21,345)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (450) (2,812)
Increase in cash surrender value of officers’ life insurance (2) (3)
NET CASH USED IN INVESTING ACTIVITIES (452) (74,535)
FINANCING ACTIVITIES    
Debt issuance cost 0 (240)
Cash dividends paid (148) (147)
Cash paid for principal portion of finance lease (26) (26)
Cash paid for share repurchases 0 (29)
Asset based lending facility proceeds 6,181 83,930
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,007 83,488
INCREASE (DECREASE) IN CASH AND RESTRICED CASH 972 (12,392)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 5,386 16,122
CASH AND RESTRICTED CASH AT END OF PERIOD 6,358 3,730
Plateplus Inc. [Member]    
INVESTING ACTIVITIES    
Plateplus business combination $ 0 $ (71,720)